Sabre: Q3 Earnings Snapshot
SOUTHLAKE, Texas (AP) — SOUTHLAKE, Texas (AP) — Sabre Corp. (SABR) on Thursday reported a loss of $208.3 million in its third quarter.
On a per-share basis, the Southlake, Texas-based company said it had a loss of 61 cents. Losses, adjusted to extinguish debt and for pretax expenses, were 6 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 7 cents per share.
The provider of technology services to the travel industry posted revenue of $740.5 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $731.5 million.
Sabre expects full-year revenue in the range of $2.9 billion to $3 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SABR at https://www.zacks.com/ap/SABR
